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Author Topic: anonymous transaction using GnuPG?  (Read 983 times)
grondilu (OP)
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June 02, 2011, 01:08:15 AM
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I don't understand exactly what we mean by anonymous transaction.

If Alice and Bob want to trade some stuffs, what prevent them from using GnuPG to do both negociation and bitcoin address communication in an encrypted manner??

I know that Bob could be a police officer pretending he's just a customer, but still...


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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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June 02, 2011, 01:20:58 AM
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I don't understand exactly what we mean by anonymous transaction.

If Alice and Bob want to trade some stuffs, what prevent them from using GnuPG to do both negociation and bitcoin address communication in an encrypted manner??

I know that Bob could be a police officer pretending he's just a customer, but still...



The problem is in the transfer of funds.  Also, what you've described is a SECURE transaction, not an ANONYMOUS transaction.  With bitcoin, you can transfer money to someone whom you have NO idea who they are (plausible deniability) etc.

NOTE: This account was compromised from 2017 to 2021.  I'm in the process of deleting posts not made by me.
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